Comfort Systems USA, Inc. $FIX Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 70.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,043 shares of the construction company’s stock after selling 23,408 shares during the period. Assenagon Asset Management S.A.’s holdings in Comfort Systems USA were worth $9,373,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FIX. Diversified Trust Co. raised its holdings in shares of Comfort Systems USA by 2.5% during the fourth quarter. Diversified Trust Co. now owns 5,409 shares of the construction company’s stock valued at $5,048,000 after buying an additional 132 shares during the last quarter. Affinity Capital Advisors LLC acquired a new position in Comfort Systems USA during the 4th quarter worth $223,000. Fulton Bank N.A. boosted its position in Comfort Systems USA by 17.8% during the 4th quarter. Fulton Bank N.A. now owns 595 shares of the construction company’s stock worth $555,000 after acquiring an additional 90 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Comfort Systems USA by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after purchasing an additional 11 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Comfort Systems USA by 22.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,706 shares of the construction company’s stock worth $19,370,000 after purchasing an additional 3,429 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 23rd. UBS Group reiterated a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, DA Davidson upped their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,573.67.

Insider Buying and Selling

In related news, Director Franklin Myers sold 8,636 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director directly owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,367.28 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The firm’s 50 day simple moving average is $1,315.57 and its 200-day simple moving average is $1,053.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market cap of $48.09 billion, a P/E ratio of 47.31 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $4.09 EPS. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a $0.70 dividend. The ex-dividend date was Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.69%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.